Markit appointed Richard Paddle as managing director and head of its European structured finance business. Paddle will be based in London.

Paddle will be responsible for developing Markit’s product offering for the European structured finance market. The data company’s existing structured finance product set includes European ABS pricing and performance data; a CDS of ABS spread service; and a CDS of ABS trade settlement calculation service. 

Markit is also the owner of the widely traded synthetic structured finance indices, the Markit ABX.HE and the Markit CMBX. These reference U.S. home equity ABS and U.S. CMBS, respectively. 

Paddle has over 15 years of experience within the structured finance and fixed-income markets, including ABS, RMBS and CMBS.  He joins Markit from Bank of Scotland Treasury where he was head of investment portfolio and responsible for the bank’s credit liquidity portfolio and its structured investment portfolio.

Previously, Paddle was a board member of the American Securitization Forum and a vice chair of the European Securitization Forum’s investor committee.  Prior to working at the Bank of Scotland, he was a senior credit analyst at Abbey National Treasury Services where he was responsible for the ongoing performance of existing assets and the quality of prospective assets.

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